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CDHPs can help patients save money

Health Care Service Corporation released a study which explained that those who get a consumer-driven health plan have a higher chance at saving money and improving their own healthcare habits.

The study showed that those who used a CDHP were 10 percent more likely to use generic prescriptions, and 4 percent more likely to use preventive services. In addition, they lowered their pharmacy and medical expenses by close to 11 percent. These people also spent 24 percent less on services in the inpatient part of the hospital, as well as 8 percent less on outpatient care.

"Our findings are significant because they indicate both real and potential health care spend reductions," said Guy McGinnis, vice president of client analytics for HCSC. "Rather than comparing the utilization of different groups of consumers, we have focused on the utilization changes of members who migrated from traditional plans to CDHP."

Whatever plan a person decides to use, they may be better with trying to balance costs with savings. By looking for health insurance quotes with affordable rates, a patient may get exactly what is needed for them and their family.